MobiKwik Slips Into Red, Posts INR 55 Cr Loss In Q3

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SUMMARY

MobiKwik reported a consolidated net loss of INR 55.28 Cr in Q3 FY25 against a profit of INR 5.27 Cr in the year-ago quarter

On a quarter-on-quarter basis, net loss zoomed multifold from INR 3.59 Cr

While operating revenue jumped 18% YoY to INR 269.47 Cr, it declined 7% on a sequential basis

Fintech major MobiKwik slipped into the red in the third quarter of the fiscal year 2024-25 (Q3 FY25). The company reported a consolidated net loss of INR 55.28 Cr during the quarter under review against a profit of INR 5.27 Cr…



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MobiKwik Slips Into Red, Posts INR 55 Cr Loss In Q3


SUMMARY

MobiKwik reported a consolidated net loss of INR 55.28 Cr in Q3 FY25 against a profit of INR 5.27 Cr in the year-ago quarter

On a quarter-on-quarter basis, net loss zoomed multifold from INR 3.59 Cr

While operating revenue jumped 18% YoY to INR 269.47 Cr, it declined 7% on a sequential basis

Fintech major MobiKwik slipped into the red in the third quarter of the fiscal year 2024-25 (Q3 FY25). The company reported a consolidated net loss of INR 55.28 Cr during the quarter under review against a profit of INR 5.27 Cr…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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